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Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Of those 32 people, four were mentioned on the programme and Professor Fitzgerald is saying the governing body was not aware of any of this.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: I will leave that matter and come to Dr. Thorn and Mr. Love. Is Dr. Thorn happy with the terms of reference? I know they have been given to him. Is that not correct? His report is to be completed by September, is it not?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Will Dr. Thorn be covering the governing body in that report?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: In respect of-----

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: The Chairman was to tell me when five were gone.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: I will have to come back to Mr. Love. I am going over to the University College Cork. Cuirim fáilte rompu. Is iontach an Ghaeilge a chloisteáil. To return to the Irish Management Institute, IMI, I believe Mr. Collins spoke about the seven minute limit on radio or television. We do not restrict witnesses to seven minutes; we are restricted to seven minutes. That is the first...

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: No, I do not want Mr. Collins to take me through it. I have two minutes and I want answers.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Did it overextend itself in residential property?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Did it get involved in the residential sector?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: It did not overextend itself on residential property outside of that.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: The IMI was in financial trouble and the bank was about to foreclose on it. Is that not correct?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: It was said on the previous occasion that the IMI was in trouble with a loan and had a time limit.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: I will leave that question for a moment. Mr. Collins answered "No" and I will come back to that answer. The IMI was in trouble in any event and we also have University College Cork. Let me get this clear because I looked over Deputy Cullinane's very careful questioning. The entity known as the Irish Management Institute had nothing to do with University College Cork except that it had...

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: I asked a very clear question. Is it correct that UCC took over the IMI at no cost?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Did all of the board members of the IMI retire, resign or move aside?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: Who remained on the board?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: The witness can revert to me on that when I contribute for a second time. When UCC took over the IMI at no cost, it took over everything. Is that right?

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: UCC also took over the IMI's liabilities at that point.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: UCC took over the IMI as it stood, as a company.

Public Accounts Committee: University College Cork and University of Limerick: Financial Statements (22 Jun 2017)

Catherine Connolly: For nothing.

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